George Bull asks what’s going on with the proposed (and subsequently swiftly scuppered) PAYE/NIC merger
Helen Buchanan comments on Labour’s proposals to close the quoted Eurobond exemption ‘loophole’
HMRC’s Lin Homer faced questions on HMRC’s proposed new direct recovery of tax debt powers at her appearing before the Treasury Select Committee on 8 July, with Liberal Democrat MP John Thurso, suggesting that the new powers would ‘breach the Magna Carta’.
The Taxation Disciplinary Board (TDB) has published its annual report for 2013, highlighting the achievements of the discipli
Property searches by HMRC to target tax evasion jumped by 12% in the last year to 500, up from 445 property raids in 2012/13, according to data obtained by law firm Pinsent Masons. This is more than triple the number of property raids that HMRC undertook each year between 2008 and 2011.
Lin Homer, HMRC’s chief executive, has apologised before the Treasury Select Committee for errors made by the department in the calculation of its targets.
According to the Financial Times (7 July), a string of business leaders, sports stars, entertainers and other investors were told on Monday to prepare for tax demands totalling at least £520m, in a crackdown by HMRC.
The contractual disclosure facility (COP 9) is one of HMRC’s most important and cost effective tools in dealing with the more serious cases of tax evasion and suspected fraud. However, HMRC is changing its application in a way that risks reducing its effectiveness, write James Bullock and Ray McCann
Interest rates are not going up just yet, but the Bank of England is preparing the ground for the first move in many years, as David Smith reports
The debate on tax is being distorted by poor reporting in national media and grandstanding from members of the PAC. It is time for advisers to take a more active role in better informing the public on tax, writes Pete Miller.